Pants down: yearly spending!


#1

Dear all swiss mustachians,
what is your yearly total spending? Incl. taxes and everything? and for how many persons is that?

I start!
CHF 42’000, one person (2017 number)


#2

In 2017 we spent 41’000 CHF for two persons, but this was without taking taxes and AHV into account.

If I take that back in, I need to add 21k of taxes and first pillar, so that makes 62’000 CHF for two persons!


#3

I didn’t keep track, but I’d say I spend 3’000-3’500 per month after tax, so 42’000 per year for a single person. Doesn’t really make sense to count with tax, IMO.

Edit: I checked my bank account and it looks like it’s 3’000 per month, 36’000 per year.


#4

Single person 2017 spendings without tax: CHF 46’000.

I agree with Bojack that we shouldn’t include taxes.


#5

In my case it makes even more sense not to include taxes or social prevention as my cost of living is nothing compared to the rest:
Single person spending : 41’000
I spend about twice more in taxes, second pilar repurchase and third pillar.


#6

Exactly. If you say how much taxes you pay, then it’s almost like saying how much you earn. Plus, I am for example a quasi-freelancer. I pay AHV for both employer and employee. So in the end it’s hard to compare.

Tax is heavily income-dependent, and when we reach FI, I assume our incomes will heavily drop and be mostly limited to passive income from dividends or real estate.


#7

Or it could be like saying where you live as the income tax is probably a factor 3 higher in Le Locle as in Wollerau.:wink:


#8

On average we (couple with a one-year old kid) spend 4000 CHF/month * 12 months = 48000 CHF/year. That doesn’t include taxes, but in my case taxes are negative. I pay 238.40 CHF of income tax and I get back 300 CHF of family allowance, so tax-wise I earn 61.60 CHF per month (Thank you Zug!).

PS. I think it would make sense to break down the costs (maybe in Google Sheet?) into different categories, so that it’s easier to compare how big our mustachianism is.


#9

Heyall, thanks for contributing!
Yes, taxes & AHV need a common convention. I thought of

How much money would i need to make to exactly cover my spendings?

because that would include some taxes, I’d include them. however i see the point in why it makes sense to not list them… but then, include AHV or not? Health insurance?

anyway my goal is to show a friend of mine that it’s not only me saving money off a potential 50’000 CHF income :smiley:

for simplicity reasons i dont want to make a sheet, because noone has the data according to any choice of categories, giving an endless struggle to thefine them optimally ^^

any others?


#10

you mean 50’000 income after tax or before? I would spend much less if I was earning that much. My gf earns around 60’000 after tax and spends around 30’000.


#11

About CHF 35000 p.a. for me.

20000 is from our shared account which covers all the essentials and the rest is discrerionary spending.


#12

In 2017, not including taxes, AHV, 2nd nor 3rd pillar: 66’449.18 for a family of 4. I must say I try to save the most possible but with 2 kids and 1 wife (opposite would be even more expensive :smiley:) it’s hard to find more room for cutting down costs.


#13

Oohhhh!
Thank godness I’m not the only one in this situation and with a similar spending level…:grimacing:


#14

BTW. For more detailed spending, check out my post:

It’s a bit outdated, but I still have similar expenses. I usually spend between 3600-4000 these days. I try to never exceed 4000. That’s my main frugality (in Polish dziadować) objective.

PS. My updated budget: 1000000CHF's Journal


#15

Hi everyone,

My first post - but stalking the discussions for a year now (also started to invest in ETF based on the discussions here, a big thanks to @nugget’s portfolio model and @_MP for the Interactive brokers crash course example!!!

Anyway, here are our spendings - couple with no kids in Zurich:

In summary:

  • Total spending of 146k including investment (which amounts to the approx Net salary of me and my wife)

  • 86k spending for 2 people (young married couple, no kids, moved 2 years ago from Romania), excluding tax, excluding investments (breakdown in link above). Vacation budget is 30% of this, which is very high but this is something which I consider one of the best investments (psychologically or course :slight_smile:)

  • 60k investment per year (mostly ETF, partly cash in a bank waiting for the next opportunity to invest - real estate in home country - Romania / or buy ETF when next financial crisis occurs)

@Julianek - how can you spend only 41k for 2 people?
@DrQuasar - also would be curious on the breakdown, it seems almost unthinkable to spend only 66k for a family of four people


#16

I thought we were spending quite a lot on vacations but it seems there’s someone who punches us in the face… :joy:


#17

haha, well I plan to decrease this with time based on the logic: visit really far away places now (high energy, good income) + visit the Rheinfalls when I’m 60 (low energy, low income, arthritis preventing a 12 hour flight)


#18

Easy! Here it is :

(and don’t be too hard on yourself, I used to travel a lot as well when I was younger… I guess after some time it becomes less exciting…)


Dr Quasar journey to FIRE
#19

i totally relate to this! today i have no drive to travel abroad today, after quite abit of travelling in my younger years. Switzerland is just sooo beautiful :smiley:


#20

Mmmmm…
Older than you both and still enjoying it like 20 years ago ! :blush: